WASHINGTON (dpa-AFX) - American States Water Co. (AWR) released earnings for its fourth quarter that increased from the same period last year and beat the Street estimates.
The company's earnings came in at $20.35 million, or $0.55 per share. This compares with $20.21 million, or $0.54 per share, in last year's fourth quarter.
Analysts on average had expected the company to earn $0.46 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter fell 6.1% to $116.62 million from $124.20 million last year.
American States Water Co. earnings at a glance (GAAP) :
-Earnings (Q4): $20.35 Mln. vs. $20.21 Mln. last year. -EPS (Q4): $0.55 vs. $0.54 last year. -Analyst Estimate: $0.46 -Revenue (Q4): $116.62 Mln vs. $124.20 Mln last year.
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